Russian UniCredit has sold to a collector the problem credits of €101 million — Rambler News Service

Date: 5 months ago 2018-10-24 13:00Category: Finance

Russian UniCredit has sold to a collector the problem credits of €101 million — Rambler News Service

The Italian banking group UniCredit has sold a portfolio of the problem credits of the Russian division of €101 million to "daughter" of one of the largest collection companies EOS Group of Europe, follows from release of UniCredit. "Today the UniCredit Group declared closing of the transaction without the right of regress between the Russian subsidiary bank of group of JSC Yunicredit Bankom and LLC EOS selling a portfolio of the problem consumer and car loans given to JSC Yunicredit Bankom to natural persons. The rights of the requirement for a portfolio are estimated approximately at 101 million euros" — it is said in the statement. It is noted that this transaction became a part of the realized strategy of group on decrease in volume of problem assets. Influence of the transaction, according to bank, will be reflected in the reporting of the company in the second half of 2018.

Today

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